The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-01-05
AN ADVANCE IN NAILS.
\ Belief that tho Gard VIII BE Advanced
Spectators EuyinE. If.

Spectators Eayins. e.
Yesterdays Pittsburgh Commercial Go,
selte contained very interesting article on
the condition Of the nail trade and made
the prediction that at the nsxs msssins OF
the Lail manufacturers to be held one
week from to-day there would be eome
important results shown in regard to the
advgGce III the pr:ca OF nails, The article
went on to stste the following: Within
the las. week nails have advanced rapidly
until now they gre quoted a. So 50 instead
OF 81 s., which thsy commanded short
while sinca. A visit to number of the
factories devslops the feet thst.the supply
OF nails here is very short eud not much
production lately. Mr.. T. g. Boyle, Of
the firm of Bcvle g. Bisael, las just re
turned from New York, where lie pur.
chssed 10000 legs OF nails with the option
Of 10000 nors which the irn will prob,
ably tako to-day. Ee was econ yesterday
and said that he thought there would Ia
an advance OF 90 cents in the price, which
you'd bring it up to the old card rate be-
fore tho Late depression, or to $3.50 per
key, and perhaps higher. He woald not
asate whether there ia any movement on
foot 10 advance tho price to this rate, but
said thRt the nest few days will show that
he is right. 49, AKA "
It will be observed that tho price Of
nails is quoted as 81 80 per kee Ia shie
clipping. That 10 something thst ia mis-
leading; the card rate OF present is 50 40
With 10 centa per key oil in Car lots and
. percent OF for cash. An advance to
~ so would DO bit az advance OF 10 cents.
Tho artic!s was shown to Or. George
Wise, Secretary OF tho Western Nail Asso.
citation, eui no vas asked what be could
say with ragssd TO 1t. He stated that q
prediction as To what the hesDciasion
would do at any meeting about tho card
rate was one OF the hardest things in the
world to make. He remembered when II
eeenea almost certain that there would be
al advance, lhcs the card had been al
loved to STAND or, Granger yet, reduced.
With th, sdyancs in Bessetasr f'S, in
muck, and tho advanced prices being ask.
cd for ore, be thought that rice might be
possibly ordered. :, d ~ Ii;
A Pittsburgh manufacturer said to q
Commercial. Ga,etle reporter: The ad.
vance in nails is necessltated by tho ad-
vance IN all tbs material from which they
arc made. Formerly they were made
from OLE steel rails, but nav thst rails
have gone up from $25 to sci Sc ithes
made it inporaibla 10 usa that means at
the present price Of nails. Then rlea the
recent advance in muck has made that
very expensive. It is true that most OF
tho arns nsnuiacture their own muck,
bat pig iron has gone up so much and is
so very scarce that it MAKES tns coat Of
nails about s. OF, which does not include
tho boxing and shipping Of them. From
the moment that the weather allows bniid-
ing to begin there will not be sufficient
supply tor tho tsads. In the East the
manufacturers sre going 70 raise tho price
snd We must e!so."" - 8. Z. 4
\ Observation-Disclosures talking about
tho article, said; wheeling he's not q
large stock Of nails on hand. Usually
during the month Of December and along
uRtil the middle OF January trade Is very
dull, amounting to little or. nothing, es
buyers at that time are taking stock and
winding up theyear's buainess. Thin year,
however, trade during the past month has
been good. Buyero have been anticipating
III sdyanee in freight RATES and also an ad-
vance in the card rate and that has Of
courae tended to make purchasea heavier
than ususl at this time. ! can't Say as to
whet or our buyers have been supplying
present demands on them. Or not. It il
true that muck il. Away up on account OF
the big demand for it in the pipe mills,
and there has been decided advance in
pts. Il would not sIrpriae me much II all
these causes would neoeraitats 81 advance
in the nail card" - E. RI